Hui Ka Yan, who had faced eight charges including misuse of funds and illegally taking public deposits, pleaded guilty in April, following China Evergrande's collapse five years ago after a quarter of a century in operation.

A Shenzhen court also levies massive fines against the developer’s main units for systematic fraud

Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company…

A Chinese court ordered all of Hui Ka Yan's personal property confiscated.